Turmoil at WeWork is causing the shared-office-space company to all but stop signing new leases, a fresh blow to New York City’s already softening commercial real-estate market.
Since We Co. Chief Executive Adam Neumann stepped down on Tuesday, the company has reversed its rapid growth strategy, looking to slow its expansion, shed head count and assets, and move closer to profitability.
are they still moving forward with this IPO?
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After WeWork debacle, IPO market slams brakes on unprofitable companiesCompanies making their debut on the U.S. stock market are getting a rough welcom... About time ...I have been warning that these IPO models are not sustainable for the last 18 months Thanks -- get WeWork and MiguelMcKelvey out of here... As it should. Did everyone (a) collectively lose their minds and decide that every unprofitable company is just Amazon in disguise? and/or (b) forget Does anyone remember the sock puppet and the bust? It wasn't THAT long ago.
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Woozy WeWork Targets Global Investment Banking In Fertility Via IPO Fast TrackIn the same exact 12 E. 49th St. NYC prime real estate as WeWork is Rhone Group LLC, the investment adviser firm and Rhone Group Advisors LLC, the Brokerage Firm and Investment Bank.
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